Auto Financing in Canada
Your Approval helps Canadians explore auto financing options for cars, trucks, and SUVs. Whether you are purchasing your first vehicle or upgrading, our secure online application connects you with participating dealers that can review your financing needs.
Auto Financing Options
Auto financing allows you to spread the cost of a vehicle over time, making it more affordable to purchase the car, truck, or SUV you need. Your Approval connects you with participating dealers that offer financing for new and used vehicles, certified pre-owned options, and more.
Types of Vehicles You Can Finance
Participating dealers can help with financing for:
- New vehicles from dealership inventory
- Certified pre-owned vehicles
- Used vehicles from dealer stock
- Cars, trucks, SUVs, and minivans
What You Need to Apply
To complete the application, you will need:
- Personal information (name, contact details, date of birth)
- Employment and income information
- Residence history (at least 24 months)
- Information about your current vehicle (if trading in)
- Your vehicle preferences
The application takes approximately 2 minutes. After submitting, our team reviews your information and connects you with a participating dealer.
Understanding Your Financing Terms
When you finance a vehicle, key terms to understand include:
- Principal — The amount you borrow
- Interest rate — The cost of borrowing, expressed as a percentage
- Loan term — The length of time you have to repay the loan
- Monthly payment — Your regular payment, which includes principal and interest
- APR — The annual percentage rate, which includes interest and certain fees
Participating dealers can walk you through the specific terms available for your situation.
Frequently Asked Questions
Start Your Application
Complete our secure online application in approximately 2 minutes and connect with a participating dealer.
Start Your Application